Goods and Service Tax was considered to be an epitome of the ideal tax mechanism at the time of its implementation. The assumption is somewhere proved right as the GST system has reduced effective tax rates and boosted supply chain efficiencies of businesses. On the other hand, it is also prevalent that the system is not at all simple and has burdened the taxpayer even more with tax-filing complexities.
Now it is invariably needed to introduce a set of amendments contributing towards the certainty of the GST system.
Steps to Make GST More Compliant:
These steps may be the initiation with respect to long-awaited transformation in the Goods and Services Tax (GST), and the overhaul completed. There are some more steps that the government needs to initiate in making GST a good and simple tax as the PM Narendra Modi assured.
Reduction in Number of Tax Slabs Rates
To begin with let’s talk about drastic changes in tax rates that are bothering the taxpayers. There is an invariable need to put a halt on the changes in tax rates and decide the rate structure that is static for a few years. Adding on to that increasing the tax rates 
As per the recent update, The central government is planning to do changes in the slabs of Goods and Service Taxes (GSTs) soon. As per the rumors is not an ideal solution for grabbing more revenue especially in the era of an economic slowdown. In short, there is a need for a simplified tax structure of only three tax slabs. Either we need to merge 12% & 18% or 5% & 12% slabs into one.
Effortless Input Tax Credit Claims
An urgent restoration of the Input Tax Credit system is indeed an invariable requirement. GST on all the businesses should be seen as setoff in line with global practices. And if restrictions on credit is not possible then the denial of say 5% of total input taxes should be made an option for the taxpayers without there being an urgent need for detailed expense analysis.
Spreading the GST Net
There is still a huge crowd away from paying GST (Goods and Services Tax) keeping the fact as their primary concern, the GST council meeting 
Get to know about GST (Goods and Services Tax) council 1st to 37th meeting updates and decisions taken by members. We have covered 1st meeting to last meeting decisions should find out ways to bring in real estate, petroleum and electricity sectors under its umbrella. The GST net could be expanded gradually starting from industrial fuels like Aviation Turbine Fuel (ATF) and natural gas.
Renovating ITC System
Restriction on cash flow in the market has adversely affected businesses. The ITC that is acquired at the state level by several businesses is subject to tax payment in some other state. At central GST, a national pool has to be considered in addition to allowing an offset against income tax. An excess amount in input tax can be dispersed as a refund to the taxpayers.
Practical Targets for GST Collection
As per the government’s data, monthly GST collection is a little more than Rs. 1 lakh crore in the current financial year and therefore the revenue target is missed by large numbers. Revenue collection is important but it cannot define the spontaneity of the GST system which totally depends on the smooth function of businesses and widened tax base.
Hope is revived with the commencement of new e-invoicing under GST 
Get to know about the new E-invoice generation system on government GST portal with applicability. The system mandates to generate e-invoice for every sale by a registered business practice which will allow real-time tracking of ITC claimed by a business based on invoices of B2B transactions.
Including Some Exempted Goods In GST Regime:
Some goods & services like electricity, real estate, and petroleum are out of GST structure. As they are out of GST bracket, the input tax credit benefits cannot be utilized by the segments involved in the process and so it is a loss for them. In addition, these sectors are out of the indirect tax system at the mercy of state government. Some sectors such as oil and gas are demanding to be included in the GST. Even experts suggest that the right way to implement GST is to put all the sectors under the bracket of GST, but it would take some time to implement the required tweaks to the system.
Let E-waybill Go Away
The industry demands to let the GST e-way bill go 
Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots of official E way bill portal for better understanding, which is a digitally generated instrument to move the goods worth Rs. 50,000 or more. As GST Council has postponed the implementation of e-way until April 2018, the experts say the GST is a consumption tax so it doesn’t require to add the movement of goods in the bracket of GST.
Although, the council is silent on the suggestion and running a pilot regarding the e-way bill in Kolkata and expected to spread it in other states. The industry is well acknowledged with the fact that when the e-way bill will be uploaded to the GST network, it would create another technological hurdle after implementation.
My Suggestion:
GST Returns should be accessible for revise the return atleast once for a month or quarterly, like VAT/CST returns earlier so that minimise the errors/corrections at the stage of Annual Returns .
I want suggestion if purchaser makeing. Actual invoice cater generate e waybill go to truck other state Gst department. Officer catch to. Truck said. Material wash less how deceived actual invoice or officer said less bill give palanty 110000
Why section 36(4) when the purchaser has paid the tax to the seller, as he is also registered dealer and collected the tax and if seller files return late he is paying a late fee and intt should be charged from the seller as he had used the tax paid by the purchaser.
but ultimately tax is not deposited to Govt on a timely basis that is why sec 36(4) emerged
If the seller has not deposited the tax collected then that why the purchaser should suffer. It means that the purchaser should not pay the tax amount unless the seller files his return
GSTR I OF JULY HAS BEEN FILED WITH WRONG PAN NUMBERS OR WITHOUT PAN NUMBERS BY SO MANY REGISTERED DEALERS AND RIGHT GST NUMBERS WAS ADDED LATER ON IN THERE ACCOUNTS BUT THEY ARE NOT AMENDING THE BILLS IN 9B AS SUCH THE RECEIVER OF GOODS ARE UNNECESSARY BEING HARASSED.
IN MY OPINION GSTR 1 OF JULY SHOULD AGAIN BE FILED BY ALL REGISTERED DEALER SO THAT ALL ISSUES CAN BE SOLVED AS ANY RECTIFICATIONS OF GST NUMBER MIGHT have BEEN RESOLVED BY THIS TIME.
Kindly share your grievance at GST portal
My Suggestion
1.EWB / EIB to be continued for all taxable supply from ₹20,000/-
2. Amendments ,Additions & Corrections to Annexure 1 &2 to be enabled to both Consignor & Consignee.
3.One Simple return with Annexure 1 & 2 to be introduced with Facility
i.> 2Crores Aggregate turnover monthly filing with monthly payment.
ii. <2Crores Aggregate turnover Quarterly filing with Quarterly payment.
4. Registration Threshold limit to be 30 Lakhs for both goods & Service.
5. One Cash Ledger is sufficient for all set-off.
6. For Non taxable person Annual return is sufficient reconciliation statements not required.
7.Uploading of Audited statement to be permitted to Certified GST Practitioners up to 10 Crores with reconciliation.
GST Simplicity!!
This can be politically good for Indian’s
Now GST department has
all the data for so many
mounths can study
That how much each state got from IGST ?
That if IGST could be treated as
in the hand of billing party state as if attracting L&C GST how much revenue each state could have got ?
That comparing each state current revenue with share of I GST received and revenue received as if by above formula That can really be a eye opening this may be very small difference !!
That but abolishing IGST will be a very useful step in simplicity
of compliance and relief to tax payers !
Chapter National Tax GST
Theory of Simplicity
Please share as much as you can in your interest t
In the present GST council meeting conducted at GUWAHATI, no consideration was made for the garment industry. GST on garment above 1000 rs MRP is 12%. Prior to this VAT was 5%. Because of this garment rates have increased. At the base level, yarn and fabric wala’s have not reduced their rates. They have not passed the benefit of excise duty to garment manufacturers. Also as there are two slabs of GST, i.e. 5% for garment below 1000 rs MRP and 12% for garment above 1000 rs MRP, composition retailers are taking benefit of this. They are purchasing products at below 1000 (in 5%) and selling above 1000, so they collect 12% GST. They have to give only 1% tax liability, so they are making a nett profit of 6% from tax amount.
The complete situation has been shown in the file attached. Because of this benefit, they are giving competition to normal retailers. And also because of this, they are interested only in the purchase below 1000. Hence Traders and distributors are facing a lot of competition in selling products above 1000. I have made a lot of tweets but in vain. So putting faith in GGMA, I am forwarding this matter to you. Hope you will take this matter forward and ask the government to introduce a uniform rate of GST (5%) for the garment industry.
We published your issue in this article which will be further reach to our readers.
You have expressed two views in a mismatched manner. firstly for regular dealers if 12% is charged then it will be payable subject to availment of ITC of 5% on the purchased amount. secondly for composition dealers, they are liable to pay only 1% without availment of ITC. they are not liable to collect 12%. Also since no ITC is available for composition dealers their cost will be increased by 5%.
Please address the disparity in car leases prior to GST rollout.